George Iacobescu

The planning application submitted by Braeburn Estates, a joint venture of Canary Wharf Group and Qatari Diar to redevelop the Shell Centre on London’s South Bank has been approved by the London Borough of Lambeth.

The company plans to expand into multiple U.S. growing data center markets in the near future. In addition to the new Northern Virginia campus, it has also purchased land parcels in Hillsboro, Ore., and Phoenix.

Two years after Hines and a subsidiary of a fund managed by Oaktree Capital acquired 4000 MacArthur in Newport Beach, Calif., the firm joined forces with an affiliate of Goldman Sachs to own and manage the property.